Transcript of "FDIC - Social Media - Managing your business risk related to social media"

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Managing Your Business’ Risks Related to Social Media<br />Work with the government and mitigate risks to your contract related to social media<br />

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At the end of this module, you will be able to:<br />Identify the benefits and shortfalls of social media, to both a government agency and a small business. <br />Understand the required employee training, policies, and procedures required to help maintain proper information dissemination. <br />Learn the government’s risks with social media so you can ensure your business model and policies and procedures will protect your business and the agencies you contract with.<br />Learning Objectives<br />2<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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About FDIC Small Business Resource Effort<br /><ul><li>The Federal Deposit Insurance Corporation (“FDIC”) recognizes the important contributions made by small, veteran, and minority and women-owned businesses to our economy. For that reason, we strive to provide small businesses with opportunities to contract with the FDIC. In furtherance of this goal, the FDIC has initiated the FDIC Small Business Resource Effort to assist the small vendors that provide products, services, and solutions to the FDIC.

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The objective of the Small Business Resource Effort is to provide information and the tools small vendors need to become better positioned to compete for contracts and subcontracts at the FDIC. To achieve this objective, the Small Business Resource Effort references outside resources critical for qualified vendors, leverages technology to provide education according to perceived needs, and offers connectivity through resourcing, accessibility, counseling, coaching, and guidance where applicable.

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This product was developed by the FDIC Office of Diversity and Economic Opportunity (ODEO). ODEO has responsibility for oversight of the Small Business Resource Effort. </li></ul>3<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Government agencies are authorized to share quality and timely information with the public through their website and affiliated websites. They maintain strong policies and quality control over the possession and maintenance of information. When contracting with the private sector, government agencies are at risk that the contractor and its employees may disclose unauthorized or private information. <br />Businesses that contract with the government must be aware that they can lose a contract if an employee posts or releases sensitive/unauthorized information learned while on the project. Once information is released, due to the viral nature of social media, it becomes almost impossible to recall or contain.<br />Executive Summary (Slide 1 of 2)<br />4<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Most businesses have not defined the proper use of social media by their employees – wherever they may be connected – home, work, or other places. The risks to a business’ reputation, performance, and competitive advantage are real. Nearly 20% of businesses report investigating the posting of confidential, sensitive, or private information by their employees using social media. <br />Ensure your employees are using social media in a way that protects and enhances your business instead of negatively impacting your workplace, your culture of ethical behavior, and your government contracts. <br />Executive Summary (Slide 2 of 2)<br />5<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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The following is an excerpt from the Memorandum on Transparency and Open Government, issued on January 21, 2009, by President Obama instructing the Director of the Office of Management and Budget (OMB) to issue an Open Government Directive. <br />MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES<br />SUBJECT: Transparency and Open Government<br />My Administration is committed to creating an unprecedented level of openness in Government. We will work together to ensure the public trust and establish a system of transparency, public participation, and collaboration. Openness will strengthen our democracy and promote efficiency and effectiveness in Government.<br />Social Media and Information Transparency (Slide 1 of 2)<br />6<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Government should be transparent. Transparency promotes accountability and provides information for citizens about what their Government is doing. Information maintained by the Federal Government is a national asset. My Administration will take appropriate action, consistent with law and policy, to disclose information rapidly in forms that the public can readily find and use. Executive departments and agencies should harness new technologies to put information about their operations and decisions online and readily available to the public.<br />Social Media and Information Transparency (Slide 2 of 2)<br />7<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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White House Website and Social Media<br />The White House is fully ingrained in Social Media and offers a multitude of avenues for people to stay “in-touch” and up-to-date via social media outlets.<br />8<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Social media can be defined as the tools and content that enable people to connect online, share their interests, and engage in conversations, including blogs, micro blogs, wikis, media-sharing sites, social networks, and bookmarking sites. <br />Social media allows for the creation and exchange of user generated content (UGC) or consumer generated media (CGM), using highly accessible and scalable publishing techniques. These web-based technologies transform and broadcast media monologues into social media dialogues.A common thread in all definitions of social media is its blending of technology and social interaction for the co-creation of value.<br />What is Social Media? (Slide 1 of 2)<br />10<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Social media allows large and small businesses, and government agencies to reach customers and to build or maintain reputation. Social media has grown to link multiple global geographies and languages on the same platform, extending the reach to more consumers globally. Brands are now able to advertise in multiple languages and reach a broader range of consumers. But, unauthorized or negative information can also reach a broader potential population. <br />What is Social Media? (Slide 2 of 2)<br />11<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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National security agencies, and other agencies, must be able to operate within the context of the entire Social Web, as it has become operational space for many adversaries.<br />Many newsworthy events are picked up through social media “netizens” before the mainstream media. The government must actively monitor social media outlets and respond accordingly because opponents can turn benign events against the credibility of the U.S. Government.<br />Social Media Risks: Federal Government Expectations (Slide1 of 3)<br />13<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Social Media Risks: Federal Government Expectations (Slide2 of 3)<br />Government agencies must maintain strict policies and guidelines for allowable technology and dissemination of information. Some topics the agencies need to address are:<br />Restrictions on access to the Internet in the office, while doing work at home, or when logged onto your business’ network. <br />Accountability and repercussions for unauthorized release of information and/or comments by employees on social media outlets.<br />Use of technology and third party websites while on the job.<br />Use of cell phone, PDA applications, and cameras.<br />Proper monitoring of employees’ use of third party websites and social media outlets.<br />Proper training of supervisors and employees on allowable interaction with the public and use of social media websites.<br />Following additional policies and procedures recommended to the private sector. (See next slides)<br />15<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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As contractors or a potential contractor, you must understand the importance of controlled information flow. <br />You must understand the risk and potential liability of government information being “leaked” either intentionally or unintentionally.<br />You must understand the policies and procedures agencies have initiated internally regarding social media, and either mirror or generate stronger policies of your own.<br />You should implement a "social authority“ whereby an individual, or group, within your business establishes themselves as an "expert" in their given field or area, thereby becoming an "influencer" in that field or area. <br />Social Media Risks: Government Use of Contractors (Slide 1 of 2)<br />16<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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All information that is posted on the business website or through third party blogs and social media outlets should flow through the social authority.<br />Policies should enforce the role of the social authority, and all employees should be educated on policies, enforcement of policies, and punishment for failure to follow policies. Employees should sign contracts acknowledging policies regarding outside dissemination of information, and understand that failure to follow policies may result in employee penalization and their further liability that may arise from lawsuits against the company.<br />Social Media Risks: Government Use of Contractors (Slide 2 of 2)<br />17<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Your business is likely to have serious risks in multiple areas regarding its understanding of social media, your employees’ use of social media, and the policies that govern that usage.<br />Social media can be both constructive and destructive. People are resistant to marketing in general, but they are even more resistant to direct or overt marketing through social media platforms. <br />To use social media as an effective form of marketing, you should start by convincing people of your genuine knowledge and expertise in a specific area or industry by providing valuable and accurate information on an ongoing basis. Using a point of social authority can help the recipient of that information – and that message – gain trust, and with the awareness that develops, the consumer naturally begins to gravitate to the products and/or offerings of the authority/influencer. <br />Social Media Risks: Potential Impact<br />18<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Make sure executives and managers responsible for policy development and enforcement understand what social networking is.<br />Incorporate policies about restrictions on how your employees access the Internet in the office, while doing work at home, or while logged in to your business’ network (i.e., accessing/downloading confidential information or accessing social networks such as LinkedIn, Facebook, or YouTube)<br />Provide training for employees to understand what information and data is confidential, such as intellectual property, material non-public information, personnel information, and financial records.<br />Ensure executives and managers who are responsible for policy enforcement are also aware of the civil and criminal laws that protect employees from unreasonable monitoring of their electronic communications by employers.<br />Social Media Risks: Your Business’ Awareness <br />19<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Social Media Risks: Your Business’ Use<br />Establish restrictions on employees bringing or using cell phones with cameras into your workplace as necessary.<br />Monitor use by employees and contractors of employer-owned technology.<br />Restrict your business communication to the public through Facebook, Twitter, blogs, or other social media to specific individuals with appropriate media training.<br />Establish policies that govern whether your employees may discuss or endorse your business in public and rules about how to do so ethically.<br />Address requirements for appropriate language and communication about your business in public and semi-private forums.<br />Have a formal email policy and ensure that each employee adheres to the policy by a formal acknowledgment.<br />Have supervisors trained on the implications of using tactics to find out what their employees are saying about them on social media sites.<br />20<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Have policies on the use of technology, protection of confidential information, respecting colleagues, and provide periodic training.<br />Ensure policies specifically address social media and the issues unique to social media.<br />Have supervisors in your business trained on these policies and the risk of not enforcing them properly and consistently.<br />Explore ways to understand and reduce your organizational risk, including using a Social Media Policy Assessment and Social Media Policy Development.<br />Social Media Risks: Policies And Code of Conduct<br />21<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Seek help assessing your business’ risk in social media or other ethics and compliance areas. <br />Leverage expertise and solutions to evaluate risk levels, perform program reviews, and reduce your risk.<br />Implement policies and procedures similar to that endorsed by the government.<br />Use a person, group of employees, or third party as your company’s social authority, and task them with researching and understanding the available social media outlets. <br />Social Media Risks: How To Address<br />22<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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The Internet is not anonymous, nor does it forget. Everything written and posted on the web can be traced back to its author easily. <br />No clear line between your work life and your personal life exists. Always be honest and respectful in both capacities. Always write as if everyone knows you. Never write anything you wouldn't say out loud to all parties involved.<br />Avoid posting or linking to any materials that are defamatory, harassing, or indecent.<br />Do not promote personal projects, or endorse other brands, causes, or opinions. <br />Social Media Risks: General Social Media Guidelines (Slide 1 of 2)<br />23<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Be sure to respect third party copyrights. <br />If you must post a personal opinion, clearly state to all readers this does not represent the opinions of the business.<br />Maintain confidentiality. Do not post any confidential or proprietary information related to the business or its clients. Always adhere to the policies and procedures of your clients about confidentiality and social media procedures.<br />Do not pad your own statistics. Do not create anonymous or pseudonym online profiles in order to pad link or page view statistics. Do not comment on your own or others posts in order to create a false sense of support.<br />Social Media Risks: General Social Media Guidelines (Slide 2 of 2)<br />24<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Always trackback. When reposting or referencing a post on one of your business’ online sites, provide a link to the original post or story.<br />Identify yourself. When relevant, identify your affiliation with the business and your area of concentration.<br />Do not pat yourself on the back. Do not post self-laudatory statements regarding your work or that of the business.<br />Do not qualify your work. Do not post statements regarding the quality of your work or the business.<br />Do not approve recommendations or testimonials. Recommendations and testimonials violate the ethics rules under which the business operates.<br />Social Media Risks: General Social Media Guidelines<br />25<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Do not promote successes. Don’t report business results or outcomes or use words like “successfully”, "favorably”, “won” or “prevailed” in describing your business representations. <br />Do not return fire. If you find a negative post or comment about your business or yourself, do not counter with another negative post. Instead, publicly offer to remedy the situation through positive action. <br />Do not offer or appear to offer legal advice, professional expertise, or to form client relationships using social media. Formation of these relationships must be done only through your business’ regular procedures to avoid conflicts and other ethical problems.<br />Social Media Risks: General Social Media Guidelines<br />26<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Key Takeaways from This Module (Slide 1 of 2)<br />Social networking allows individuals to share information with the public, and for others to edit, respond to, and advance that information. <br />The government has a responsibility and mandate to offer accurate and current information, and transparency. Using social media outlets has become both a necessity and a challenge. The government needs to monitor and respond to 100’s of millions of social media posts per day. This activity is forced by both national security and the need to ensure accurate information is made available to the public. <br />In order to successfully use social media and ensure only appropriate information reaches the public, government agencies need to establish and enforce policies and procedures regarding the education of supervisors and employees, use of the Internet while logged into agency computers or remote access, employee use of websites and social media outlets, use of private technology (cell phone, PDA applications, camera), etc.<br />27<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />

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Key Takeaways from This Module (Slide 2 of 2)<br />When the government enters into a contract, both the agency and the contractor are at risk for improper use of social media outlets. Contractors risk losing the contract if unauthorized government information is released to the public. Social media outlets offer an easy, quick, and uncontainable avenue for release.<br />You can be competitive and gain widespread public acceptance through social media outlets and viral advertising. However, you need to establish and implement an enforceable code of conduct that addresses what information can be discussed and disseminated, how this information may broadcasted, and by whom. <br />Properly educating and monitoring your employees to ensure that the code of conduct and related policies are followed, and that sensitive information is not released or commented on by employees is paramount.<br />28<br />FDIC ODEO Education Module: Managing Your Organization’s Risks Related To Social Media<br />